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Offline kenCode

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MineBitShares... with my phone?
« on: May 19, 2015, 05:15:50 PM »

I'm assuming this would HELP BitShares, by allowing me to participate in the pool with my phone. Maybe update my firmware or something so that I can designate 1 or more processes to mining in the background (when the screen is off)??
 
I've never mined, never had an interest, but I *would* if this helps us in any way.
 
I "advertised" MineBitShares, sort of, maybe you guys can chime in too?
http://www.coindesk.com/21-inc-confirms-plans-bitcoin-distribution/#comment-2033968627
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Offline xeroc

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Re: MineBitShares... with my phone?
« Reply #1 on: May 19, 2015, 05:18:32 PM »
Don't waste your (and everyone elses) energy on mining!

The profit model of 21inc really seems to be broken .. I'd like to see there calculations of when (i.e. how many devices they need to sell) this will make any sense (e.g. profit)!
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Offline Pheonike

Re: MineBitShares... with my phone?
« Reply #2 on: May 19, 2015, 05:39:24 PM »
Its not about making money off the transactions directly, but the transactions that having a chip like this enables. They are making a payment network for machines to transact with each other.  The values comes from the type of transaction that are made and not the fee of the transactions.

http://juliansarokin.com/thoughts-on-21-co/

People are so busy looking at the trees that can't see the forest.

Offline BunkerChain Labs

Re: MineBitShares... with my phone?
« Reply #3 on: May 19, 2015, 06:25:22 PM »
I'm assuming this would HELP BitShares, by allowing me to participate in the pool with my phone. Maybe update my firmware or something so that I can designate 1 or more processes to mining in the background (when the screen is off)??
 
I've never mined, never had an interest, but I *would* if this helps us in any way.
 
I "advertised" MineBitShares, sort of, maybe you guys can chime in too?
http://www.coindesk.com/21-inc-confirms-plans-bitcoin-distribution/#comment-2033968627

It's a cute story.. we might get some investor-jacking out of it when people go looking for bitshares.. but as far as MineBitshares goes.. this isn't really going to help. The idea of mining from your phone is a fantasy.. the amount of CPU power needed would just eat peoples batteries up so fast nobody would want to do it anymore.

On a side note, in private conversations some of you know I have talks about a possible extension of MineBitShares being a module that installs into servers to enable CPU mining when servers are low load.. there are some CPU based algos out there that could make it at least interesting... again.. all the roads would lead to BitShares... THIS BitShares. :)
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Offline cass

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Re: MineBitShares... with my phone?
« Reply #4 on: May 19, 2015, 10:45:02 PM »
Don't waste your (and everyone elses) energy on mining!

The profit model of 21inc really seems to be broken .. I'd like to see there calculations of when (i.e. how many devices they need to sell) this will make any sense (e.g. profit)!

maybe the interest on this project isn't to much on  profit direction
(maybe more into how to observe us more and more and connecting devices for this purposes over IOT – so next BIG DATA project is coming along ...)

</wildguess>
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Offline cass

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Re: MineBitShares... with my phone?
« Reply #5 on: May 19, 2015, 10:45:55 PM »
http://juliansarokin.com/thoughts-on-21-co/
People are so busy looking at the trees that can't see the forest.

just noticed .. ok so it's not just a widlguess on my side .. i begin to think^^
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Offline Pheonike

Re: MineBitShares... with my phone?
« Reply #6 on: May 19, 2015, 10:51:56 PM »

Think of the all DRM they will be able to enforce on a hardware level...

Offline cass

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Re: MineBitShares... with my phone?
« Reply #7 on: May 19, 2015, 11:05:03 PM »

Think of the all DRM they will be able to enforce on a hardware level...

looking into a bright future … :-[
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